Business

UK Pound slumps, BoE cuts growth, inflation forecasts

The British pound slumped against other major currencies after the Bank of England trimmed Britain's…

Ekiti without electricity for months, says Fayose

Governor Ayo Fayose of Ekiti State on Wednesday in Abuja said that protracted poor power…

Reuters: Nigeria's currency in line for battering, devaluation looms

Plunging oil prices, terrorism and messy pre-election politics are setting the stage for a rough…

More firms join bidding war for Portugal Telecom

Two investment funds have joined in a bidding war for Portugal Telecom, with a joint…

Germany avoids recession

Growth in Germany is slowing, but Europe's biggest economy still managed to scrape past a…

South African firms 'colluded' over World Cup stadiums

South Africa's top construction firms colluded over contracts to build and revamp stadiums for the…

Shares in Saudi bank soar after record oversubscription of IPO

Shares in Saudi Arabia's National Commercial Bank surged 10 percent on Wednesday in their first…

China's richest man says being rich is 'great pain'

Jack Ma, founder of China's e-commerce giant Alibaba, may be China's richest man, but he…

Australian PM wants G20 act on corporate tax dodgers

Australian Prime Minister Tony Abbott on Wednesday said leaders of the world's most powerful economies…